The Ministry of Labour, Invalids and Social Affairs (MoLISA) will conduct a wage survey at 3,400 enterprises with 6,800 labourers to serve as a foundation for the adjustment of the regional minimum wage in 2025.

The average monthly income of workers in Vietnam has risen to 7.6 million VND in the first quarter of 2024, an increase of 301,000 VND from the fourth quarter of 2023 and 549,000 VND compared to the same period last year.

The National Wage Council has proposed to the Government a 6% increase in the regional minimum wage, equivalent to 238,000 VND per month on average, starting from July 1.

On December 20, the National Wage Council finalized a plan on 60 percent regional minimum wage increase to submit to the government.

Thanks to increased collections and expense savings, the government has set aside a wage fund of VND560 trillion, ensuring enough resources for wage reform to be carried out in 2024-2026.

Vietnam is set to implement a new salary regime for the public sector from July 1 next year.

Members of the National Wage Council agreed to propose increasing the regional minimum wage in 2024 at the council’s first meeting in 2023 on August 9.

Many retired employees complain they only receive VND2.5-3 million a month in pensions though they paid social insurance premiums for 30 years of working.

 VietNamNet Bridge – Bui Sy Loi, Vice Chairman of the National Assembly Committee on Social Affairs spoke to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about changes to the 2012 Labour Code.